As product quality and durability continue to improve, remanufactured auto parts are gradually becoming more competitive substitutes for new auto parts. As a result, IBISWorld expects industry revenue to grow over the current five-year period. Industry revenue growth is forecast to continue over the next five years, albeit at a slower pace. Although remanufactured auto parts are anticipated to become increasingly popular, several factors are likely to hamper revenue growth. For example, an anticipated rise in new car sales will limit demand for remanufactured auto parts.
This industry includes operators that remanufacture automotive parts. Remanufacturers acquire disassembled, used components and combine several pieces to reassemble or remanufacture an automotive part. Operators remanufacture alternators, starters, steering parts and electrical units. Companies operate as stand-alone enterprises or as part of a larger retailer, services garage or original equipment manufacturer. This industry excludes engine remanufacturing.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.